HNT and ADA were trading over 10% higher as bullish pressure remained in crypto markets.
Bitcoin Cash ( )
BCH was without doubt the biggest gainer on Tuesday as it rose for the fourth time in five days.
After a Monday low of $320.29, CH/USD rose to an intraday high of above $375 on Tuesday.
Today’s price surge came after prices soared past the resistance level of $334 and reached their highest level since January 18.
Today’s rally has resulted in BCH trading more than 30% higher over the past seven days with today’s value rising by 13.55% as of writing.
The chart shows that the 14-day RSI is currently tracking at 72.19. This is the highest price strength it has seen since August last year.
Many will be expecting a reversal. However, the 10-day and 24-day moving averages are only crossing, so there may still be gains.
Helium (HNT)
Although ADA rose almost 10% earlier today’s session it fell slightly from those highs and was replaced by other big movers Tuesday.
HNT was one of them. It remained above 10% for most of today’s action and climbed to an intraday high at $24.51 during the process.
This is in addition to yesterday’s low at $21.26, which was after a selloff near the resistance level at $24.85.
HNT has now slightly exceeded this ceiling as a result of today’s gain. However, the chart shows that there is still uncertainty.
The 14-day RSI is now at 57. This is the highest level since January 5.
Bullish momentum may continue despite this, with the possibility that the stock market could reach $28.
